Al-Arafah Islami Bank launches three new deposit products
Al-Arafah Islami Bank, a leading Shariah-based financial institution in the country, has launched three new deposit products as part of its commitment to expanding modern, technology-integrated Islamic banking services.
The newly introduced deposit schemes are the Al-Wadiah Current Plus Account, Mudaraba Savings Plus Deposit, and Mudaraba Youth Saver Account. These offerings aim to cater to the diverse financial needs of retail, corporate, SME, and young customers.
The products were officially launched at the bank's head office on Tuesday, 27 May 2025, with Managing Director (Current Charge) Mohd. Rafat Ullah Khan attending as the chief guest.
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Speaking at the event, Rafat Ullah Khan said, "We are committed to meeting customer needs by combining modern technology with Islamic values. These three new deposit products will bring a new dimension to the banking experience for clients nationwide. Through digital innovation, we are making Shariah-compliant services more accessible to all."
He added that the products offer attractive profit rates and other benefits to promote saving and investment and invited customers to experience the bank's enhanced offerings.
The event was presided over by Deputy Managing Director Md. Fazlur Rahman Chowdhury, with other Deputy Managing Directors—Md. Abdullah Al Mamun, Md. Asaduzzaman Bhuiyan, Mohammad Hossain, and S. M. Abu Zafar—and senior officials of the head office and corporate branches in attendance. Branch managers from across the country also joined virtually.
